RBI, Sebi and a sub-committee of the Financial Stability and Development Council are working on the proposed guidelines for portfolio management.
A consortium of private lenders has approved Spandana Sphoorty Financial's debt restructuring worth Rs 2,296 crore and has increased the loan tenure to six years from three years.
IndusInd Bank had been a lesser mortal among private banks for a long time, before Romesh Sobti, former ABN Amro banker, changed it.
Errant banks to face penalties for misselling derivative products to companies.
Banks that had gone slow on consumer loans during the credit crisis have started ramping up biz as bad loans decline and soaring interest rates reduce other borrowings.
RBI has sought the opinion of banks involved in the restructuring of microfinance loans that are on the verge of default.
The Centre’s proposal to banks to reserve a share of loans for members of minority communities seems to have been shelved after the Reserve Bank of India and banks wrote to the government that it was unviable.
In 2006, when the corporate world was flexing its muscles with a spate of major acquisitions abroad, the financial services space was not far behind in action.
Phishing is a fradulent way of acquiring PIN numbers and bank passwords using the internet/email.
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